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Complete financial analysis of Velocity Energy Inc. (VCYE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Velocity Energy Inc., a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Velocity Energy Inc. (VCYE)
Industry: Oil & Gas Exploration & Production
Sector: Energy
About Velocity Energy Inc.
Velocity Energy Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas. The company's operations are located in Matagorda Bay, Calhoun County, Texas. It also focuses on the exploration of oil and natural gas in the Appalachian Basin. The company was formerly known as Sonterra Resources, Inc. and changed its name to Velocity Energy Inc. in March 2009. Velocity Energy Inc. is based in Houston, Texas.
| Metric | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| Revenue | 724.60K | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 1.10M | 0.00 | 0.00 | 0.00 |
| Gross Profit | -373.92K | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | -51.60% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 2.97M | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 2.97M | 712.02K | 640.56K | 373.74K |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 3.16M | 712.02K | 640.56K | 373.74K |
| Cost & Expenses | 4.26M | 712.02K | 640.56K | 373.74K |
| Interest Income | 0.00 | 2.55K | 2.07K | 0.00 |
| Interest Expense | 918.49K | 0.00 | 208.88K | 22.91K |
| Depreciation & Amortization | 176.91K | -130.00K | 0.00 | 0.00 |
| EBITDA | -5.00M | -842.02K | -640.56K | -373.74K |
| EBITDA Ratio | -463.33% | 0.00% | 0.00% | 0.00% |
| Operating Income | -5.18M | -712.02K | -640.56K | -373.74K |
| Operating Income Ratio | -715.08% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -2.77M | -499.15K | -206.81K | 0.00 |
| Income Before Tax | -6.30M | -582.02K | 0.00 | 0.00 |
| Income Before Tax Ratio | -869.71% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 918.49K | -2.55K | 847.37K | 396.65K |
| Net Income | -6.30M | -579.46K | -847.37K | -396.65K |
| Net Income Ratio | -869.71% | 0.00% | 0.00% | 0.00% |
| EPS | -0.24 | -0.02 | -0.33 | -0.63 |
| EPS Diluted | -0.24 | -0.02 | -0.33 | -0.63 |
| Weighted Avg Shares Out | 26.27M | 38.55M | 2.61M | 628.76K |
| Weighted Avg Shares Out (Dil) | 26.27M | 38.55M | 2.61M | 628.76K |
Source: https://incomestatements.info
Category: Stock Reports